Hello Everyone,
CRM has formed a triangle pattern on the 2 box P&F chart.
A break above the 70 area or the 65 on the downside could trigger a bigger move. Earnings due around May 20th and a low IV might suggest longer calls or puts in place of stock for this trade.
Stock is also in a current squeeze on regular chart with volatility bands and looks ready to move.
Subscribers please check website as we have important information regarding the ETF model!
CRM Chart:
Posted to Stock & Option Scout on Apr 20, 2015 — 8:04 AM